AN ACT relating to income tax.
Create a new section of KRS Chapter 141 to establish the disaster relief credit equal to 20 percent of the fair market value of goods or services provided by the taxpayer free of charge to the Commonwealth or any county, city, or taxing district within the Commonwealth; limit the credit to $10,000 for each taxpayer and a total of $1,000,000 in any fiscal year; sunset credit January 1, 2019; allow carry-forward period not to exceed five years.